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Home My WebLink About2726 3. To place and con~inuously keep on the L-u~:d~~~gs no.v o~ hereafter si~~ate on sa~d land and on al~ oquipmenl and personally covered by ~hi~ mo:tg- sgs, with ell pra~~ums thr~eon pa:d in iull, iire insvrence in th,: uwal srar.dard pot~ty fo~m, 1~ a aum approved by the tdOR+GAGEf, ar~d w~nduo~m infurante in the usual •rondard pot,cy form, in s sum approved by ~he MORTGAGfE, in fuch ton~pany or compan~es as the A10RIGAGEE may direcr, u+d all fiie ar.d w~ndsiorm insurance po~~cles on any of said build~ngs, any interes~ therci~ a~ parl thereol, in the aggregate sum ~foreiaid or in eaces~ ~hereof, shall :onrain the usuat ~~anJard ma~gagee clause or such o~hcv c~ause as the Mo~tgagce may requ~re, making the loss unda~ sa~d poli- des, each and evesy, payable to sa~d MORTGAGEE as i~s inte~rst may appear, and each and eve~y suth polity shall (x promptly ass gned and de~~ver~~d io any held by said MORIGAGEE as further sec~rity to aaid mortgage debt, and, not less thao te~ (10) days in ad+ance o1 the exp+ration of each pol,cy, to dr Gve~ ~o said MOQiGAGEE a rc~iewal thereof, together wi~h a rece~pt tw the prumium o( such re~~ewal; and ~here shaU be no fre or w~nds~o~~~ insu.ance placed a? ~ny of said buildings, any inle~eit therein w pa~t thereof, unt~ss in the form arxl w~th Ihe loss payabl~ as alo~esaid; ar.d in the eveM any sum of money becomea payable ~nder wch policy w poGc~es sa~d MORTGAGEE shall have rhe opt~on ro .ece~ve a,~d app!~ the ume oo accoun~ of ~he i~~dver~d- ness sewr~d hereby or to permil sald MORTGAGOR$ Io tecaive and use it o~ any pa~t the:eol 4or ucn.•~ ~.ur; ~srs, v.:~i,•,,,t th u~ wi~.:•+7 ~p~~~- ing any eqv~ty, lien a right unde~ w by virtue of this mo:!gage; and in the evero sa'd MORTGAGORS shal! {or any reason fail to keep ?he sa~d premisrf so fnsured, or fait to deliver promptly any of sa{d pol~cies of insurance to seid MORIGAGEE, or fail pron,ytly to pay Fulty any prr~»~~m the~etor o~ in a~y respeU (ail to perform, discharge, exewta, effecl, complete, compty wiih and abide by fhit covenant, or any part hereof, sa~d MGRiGAGEE may piace anu pay fw futh insuran:e or any parl thereof w~thou~ waiving or affecting any option, lien, equity, or r~ght under or b~ vir~ue of this Mortgage, and tht iu~l amo~nt of tath and every such payment shall be ~mmediately due and payable and shall bear interesl from ~he da?e thereof until po~d at the rate ol mne per tentum per annum and togethcr with such inte~rs~ shait be secured by tF~e ~ien of this mortgage. 1. To permi~, commit a suffer no waste, impa~rment a drter~orat~on of said property or any parf tbereof. 5. To pay all and singular the costs, charges and expenses, includ;ng a reasonable altorney's fee and cosis of abstrads of title, incuned or pa~d at any time by said MORTGAGfE, because or in ~he evenf of the ta~ture on ~he par~ of the said MORTGAGQR ~o duly, promptly and fuily perForm, dacharge execute, effect, complete, comply with and ab:de by each and every the stipu~at~o~s, ag~eeme~ts, cond~tions, and tovenants of said prom~ssory note and ~h~s mortgage any w eifher, and sa~d costs, charges and expensrs, each and every, shall be immed~ately due and payabte; whether or nof thero be not~ce de mand, atlempt to tollect or suit pending; and Ihe (ull amount of each and every such payment ihall bear interesl lrom the date fhereof until paid at tht r.•re o~ nine per cemum per mi~,u:n; and aN said costs, charges and eaYenses incurred or paid, together w~th such interest, ~hall be secured by ~ix lirn of th~s mortga9e. 6. That (a) in the event of any breach of this Mortgage or default on 1M parf oi the VIORTGAGOR, w(b) in the evenf any oi sa:d sums of money herein referred to be not prwnpt(y and fully paid wirhin thuty (301 days aext aln~r the same sevaralty beccmie due and payable, without demand o~ notice. ar in the event each and every the stipu:ations, agreements, cond~:ions and covenants of sa:d promissory note ar~d th:s mortgage any o~ either are no1 ~~ly, pramptly and fully performed, d:scharged, executed, effected, completed, compl~ed with and abided 5y, then in e+~hei w any such evenf Ihe sa~d ag gregate sum menfionerJ in said promisswy note then remaining unpaid, with inieresl accrued, and all moneys sec~red F.ereby, shail become due and pay- able forthwith, o~ rhereafter, at the opt~on of sa~d MORiGAGEE, as iully a~d comple~ely as if ali of tl,e sa~d sums of money were or,ginally st~pu7ared to br pa~d on such day, anything in sa:d prom~ssory no?e or in th>s Matgage to the confrery notwithsland~ng; ar.d thereupon or therealter at ?he op~~o~ of iaid MORTGAGEE, w~thout nonce or demand, suit at law or in equity, theiefore or thereaieer begun, may be prosecuted as if all moneys secured hereby nad matured pr~or to ds institut~on. 7. Tha~ in ~he event that at fhe beginning of or af any time pend~ng a~y su;t upon this Mortgaqe, w to foredcse it, or to reform it, or to en(o.ce paymeot of any claim= hereunder, said MORTGAGEE shall appty to the Court having jur~sd~ction thereof for the appomtment of a Receiver, such Cou~t shail fo:thwith appoiM a receiver of said mortgayed property ali and singular, inctud~ng ali and singv~ar the income, profrts, issues and revenues tran whatever seurce derived, each and every of wh;ch, it be~ng expressly unders~ood, is hereby mortgaged as i( spec~(ically set (o~th and dexribed in the g~anting aod hsbendum clauses hereof, and such Receiver shall have all the broad and effecfive funct~ons and powers in anyw~se entrusted by a Court to a Receiver, and s_ch appointment shatl be made hy such tourr as an admitted equity and a matter of absolute rigM to said MORTGAvEE, and without reference ro the ndeqvacy w inadeq~acy of the valve of the property mortgaged or to the so.vency or insowency of said MORiGAGOR or the detendants, and ~hat such re•~is, profits, income, issues and revenues shalf be apptied by wch Receive~ accord~ng to the lien ar equity of said MORTGAGEE ar.d the prectice of such Court. 8. To d~ly, promptfy and f~lly perform, disctiarge, execute, eifect, comp(ete, comply v.•ith and abide by each and every the stipulations, agreements, :onditions and covenants ~n sa~d prom~ssory note ar~d this mortgage sat forth_ 9. That in the evero the ownersh~p of the mortgaged premises, or any part tnereof, becomes vested in a pe~son other than the MORTGAGOR, the h`.OR7GAGfE, its s~ccessors and ass~gns, may, witho~t no~ice to the MORTGAOR, deat wirh such s~ctessor or s~ccesso* in ~nterest w~rh reference to lhis morigage and the debt hereby secured io the sartw manner as wiih Mortgagor w~thout in any way vitiating or d~scharging the Mortgagors' tiabitity herr ~~der w upo~ the drbt h¢reby sec~red. No sale of the premises hereby mort4aged and no forbearance on the part of the N{ORiGAGEE or ita s~ccessors o• ass~gns and no eare~sron of the time io~ the payment of !he debt here5y sewred grven by ~he NIORIGAGEE or iis successors or ass:gns, a~wll operate io release, d~scharge, modify ~hange or affect the origmal liab~tity oi fhe 1{M1ORTGAGOR herein, eirher in whote or in part_ 10_ It is spec~ficafly agreed that time is o( rhe essertce of ihis convatt and that no waiver of any obtigat~on hereunder or of the obligation se- cvred herehy shah at any time thereafter be hetd to be a woiver of the terms hereoi or of the instrumeN secured herby. 11. In add,f~o~ to the iorego ng mor.th!y paym~nrs of princ pal and inreres~ reyu~red by the prom sscry no~e sec~red he+eby, mortgag~r eovenants aro agrces ro pay to n:o:~gagee v.~th each month!y payr~:ent an sdd,cional svm ezr:.~~ared by morlyagee to be equa3 to l, 12 oi the annual tost of the follow- ing: A-All ~eal proper!y tsxes iev~~~~ or dSSE'SSCO agai•~st th~ above descri~ed real estate. 8-Premiums on fire and w~r.dstorm ~nswar.ce as here~n req~:red to be carried en the ~mproveme~ts situate on tAe above dcscribed premises. C-Premiums on s~ch mo:tgage yuaranty ir:surar.ce as mortgagee sha;t fro:*+ r;me fo r~me deem f;f to carry on ihe toan secured hereby_ Mortgagee sha~l from ~;:ne to t~me not~fy monyagor in w~it~ng of the amouot due and payable hereunder and such wrn shall thereupon Ee due and :.a.able on tha d~e date of ~he next mo~thiy payment a~tid each wccessive month therealt~r ~cti~ mortgagee shall notify mor~gagor of a change in such ::ount. J~ch sums sha~i be app(~ed by mortgag~e :oward the payment of re3! pro/ierty taxes, inswance prem.ums, and mortgage gvaranty insurance ~ ,~•emiums. IN V~ITNE55 Y~HERFOF, the sa~d MORTGAGOR hai herevnto set his ha~~d ar.d sea~ the day and ear first afwesaid. ~ Signed, Sealed ar.d delive in tFie presence of: • ' - rSeat) ` V i inia S.Hil son, a widow r~aq ~ , - i _ _ ~ti~-~ (Seaq ~ - _ _ - (Seaq ~ STATE OF FLORIOA ` ! } S$. i COUNTY OF St. L_t±C?g__ ~ ( Before me persor.ally ap~eared Virainia S. H12SOD~ a R~dOM and ~ - to me w•e!I known and known to me fo be ~ the individuslt described in and who executed the foregoing instrument, and scknowledged befwe me that Jher executed the same for the purposes ~ rherein expressed. ~ed~~~ ; sd~ddh~ - aassaa ~e~Wt ; E~7i~iiidFA~AqF~il~i~6l~e=sn3bp~e'r~~"ie+n~~ICp4(~O1b7if~r~ff~Cioid~~7~~RA~Nl~iffFiMia~lilAOwaF~l111~ICIIIA~ p a111~oe1RIR ~ asfigs~t4iUCa~yctliAq~1i~71~ii~+itRAtrr - ~Sia.~w~~e+-~ii~~ F WITNESS my hand and official seal this day of • A 19_~ .~/~.~j f ~ Notary Public in an for the S~ate,pf.'E~orid~ el~,iarge _ ~ My Commission expires: - _ ,r~ Relurn io: - " ' - J. G i - ; First Federol Savings b loan Association - f ~ " i Of fo~t P.erc~. ' • - ~ ~n ` j~ ~ ~'_I^. t'?'` st [Ai~ • Ff.TS PIPfCP. F~pfidd fJM~ j !7!/ . .l . . _._:Ji.:r. V{l~ . . 7-7r ~ ~ ~ This Instrument Prepared By John W. Collil7s FILEO AND RECOROED - First Federa! Savings 8 loan Association ST.IUCIE COUNTY ftA. ~p~~. of Fort Pierce~ FlOrida ROCEF. ?OITRAS t~ 2~~~,7'Q~ CLEAK G1;CUiT COUR~ ~ ~j Checked By~ REC~A~ YE'::t~c~~, = 1 II si AN ~73 ; ~"0~ 215 ~ ~ ,~;-27 ;s 5 I . . . " ~ . _ . . ~ ~a . . . - . . - .S,